14 Ways To Make Money Selling On eBay

Ways To Make Money Selling On eBay

Ways To Make Money Selling On eBay

Selling items online is a great way to make extra money. For example, I bought a modem/router at a flea market for $5 and on eBay he sold it for $60.
If you like this kind of profit margin, you should consider selling items on eBay and similar sites as a legitimate side business. You can make a lot of money if you do well.
For example, this mother makes $3,000 a month selling used clothes on her eBay. The key to success is doing it right.
That’s why we’re sharing 1
things to consider when selling products online.

1. Use What You Know When Selling on eBay

Many successful eBay sellers buy items cheaply and resell them for a profit. To do this, work on reselling items you know well.
For example, I used to work for Ultimate Electronics, so I’m familiar with the various electronics values. So when looking for items to resell on eBay, my main focus is finding great deals on electronics.
What products do you know best? Selling these types of products probably gives you the best results. So look for articles in these categories to avoid unnecessary risks.

2. See how much an item sold on eBay

Another tip for successful eBay sales is to research items on eBay before you buy. If you haven’t already, you can download the eBay mobile app. Available for both Android phones and iPhones.
Use the complete list function to see the actual sold price. As we mentioned in How to Sell Things Very Fast on Craigslist, it doesn’t matter who the item is currently listed for. What matters is what the seller actually got from the buyer for the particular item in the past.
By looking at the past sales prices of items you want to buy for resale, you can know how much you’ll have to pay for them to make a profit.

If you want to achieve financial independence, you need a plan B.
3. Buy only quality items to sell on eBay

 

Selling quality items on eBay is another important tip. I have purchased a product with broken accessories. Selling for less than 1 without accessories.
I clearly disclosed that the accessory was cracked, but I still got negative feedback and it was very annoying. For this reason, I now try to only buy items that are fully functional and in very good condition. Instead, focus on selling quality items in great condition and keeping your customers happy.

 

5. Buy High Margin Items to Sell on eBay

Before, I used to sell items that I knew would make $5 or more in profit. The challenge with such low margins is that you start losing money the first time you return a product.
Shipping isn’t cheap these days. Let’s say you pay $5 each way for shipping. So having a return means you save $10 on shipping, but you still have to resell the product.
That’s why I don’t bother selling items unless I can make $20 or more.

5. Post Great Photos on eBay

It’s equally important to include quality photos of the items you sell. eBay buyers want to know exactly what they’re getting, and they hate surprises.
Likewise, great photography shows that you run a professional business. Always use a good quality phone or camera when taking photos of the items you sell on eBay.
Set up an area of ​​the house with a simple and attractive background. Use inexpensive drop cloths if necessary. Make sure the lighting is sufficient so that items and key features are clearly visible. Then take several photos of the item from all angles.

6. Write good descriptions of the products you sell

Writing detailed descriptions is also very important. Thoroughly research the details of what you are selling. Also, include any negative facts they may need to know.
For example, if you sell a mobile phone with low storage capacity, be sure to state something like “This mobile phone has 8 GB of storage capacity”. Be honest. Also point out the attractive features and benefits of the
item. For example, “This is a great starter phone for younger children.”
You can look at similar product descriptions to get an idea of ​​how to write a description.

7 Price Your Items Below Your Competitors’ Prices

Another tip for successful eBay sales is to price your items below their regular eBay prices. I use this tip regularly and it works great.
Let’s say you come across a great deal on an old iPhone. If you find another similar model in comparable condition for $300, try the $290 or $295 price tag.
Small amounts can make a big difference when a buyer chooses a seller. If you’re selling a low-priced item, just drop the price a few cents or a dollar.

 

8. Consider offering different payment options

Another way to be successful is to consider multiple payment options. For example, you can accept debit card payments from buyers.
Please note that you will likely have to pay a fee from your debit card processing company in this case.

9 Consider Shipping

When selling on eBay, shipping can make up a large portion of your revenue. If you also have to pay for the return shipping, you will lose even more money.
Therefore, it is important to consider shipping costs when listing items. Work on finding the best shipping method for the products you sell.
Also, be honest with the buyer about shipping costs. Another option is to include shipping charges in the sale price.
However, if you do, increase the price accordingly. Alternatively, you can purchase the item at a lower price to offset the shipping cost.

10. Choosing the Right eBay User ID

Choosing the right User ID for your eBay account is more important than you might think. As your business grows, people will start looking for you on eBay.
Therefore, you should use user IDs that are easy to remember and reflect your niche. Consider multiple options until you find something that is easy to remember and helps people identify your niche.
We also want you to be able to quickly remember your User ID when you tell others about your business.

11 I like buying products on eBay

Because there is a feedback system that holds 100’s of feedback on eBay. You seem to be doing a great job of weeding out “bad” sellers.
Therefore, as a seller, you must do everything possible to ensure that the buyer is 100% satisfied with him. This includes, but is not limited to: Express delivery of
goods.
Please describe the product clearly.
Instant communication with customers.
Please pack the item so that it arrives safely.
Remember, you run a business. So treat it like a business and try to keep your customers happy. Aim for a 100% rating and fix any issues immediately.

12. Have a clear policy on eBay

When selling on eBay, it is important to have clear business policies. Clearly explain your return policy, shipping policy, warranty, etc.
This way, potential customers know exactly what to expect when purchasing from you. Additionally, if a customer is dissatisfied after purchasing a product, you can revert to a well-defined policy.
We still bend these guidelines to satisfy our customers. However, it can serve as a reminder of guidelines for possible problems in the future.

 

 

13. Consider a shipping plan

To run your business more smoothly, you need to create a shipping plan. This allows you to avoid running to the post office every day.
Or, set the days of the week that UPS or another carrier will pick up your package from your home. Setting up a delivery schedule not only shortens delivery times, but also gives your customers a better idea of ​​when to expect their orders.

14. Be careful with new product sales

Niche is important when selling on eBay. But that doesn’t mean you can’t expand your niche or add a second niche.
Keep an eye on the new products you offer your customers. For example, if you sell smartphones, consider expanding and selling smartphone accessories.
Or see our smartphone case sales. Work on staying in your niche while finding matching or similar products to offer your customers.

Summary

Selling items on eBay can be profitable if done right. Make sure you take steps to find items that you can make a profit on.
Next, create a great offer, share your policies with buyers, and aim for 100% satisfaction to attract repeat customers.

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Living With Purpose

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